AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
MUMBAI, May 1 Asia Pulse - Zee Group's Direct-To-Home (DTH) arm Dish TV (BSE:532839) on Monday said its promoters would infuse up to Rs 7.50 billion (US$183 million) into the company by subscribing to preference shares.
"The Board has approved, subject to appropriate approvals, issue of non-cumulative non-convertible redeemable preference shares of Rs 100 each up to Rs 7.50 billion on a private placement basis to promoter group," Dish TV informed the Bombay Stock Exchange.
Dish TV and Zee Group Chairman Subhash Chandra had earlier said the company would invest Rs 5 billion in the distribution ...